Industry NewsMarkets & Economy

Mini building boom ends in California

Builders continue to pull permits at lower rates
Published on Sep 24, 2009

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by CareyBot

California builders pulled permits to build 2,119 single-family housing units in August, the California Building Industry Association said -- about the same number as in July, when builders blamed a sharp decline on the demise of a $10,000 state tax credit for new home purchases.

Looking back a year, single-family housing permits were down 5.9 percent in August, CBIA said, citing statistics compiled by the Construction Industry Research Board (CIRB).

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